Overview

* Textron ( TXT ) Q3 revenue up 5% yr/yr, but missed analyst expectations

* Adjusted EPS for Q3 rises to $1.55 from $1.40 last year

* Company returned $206 mln to shareholders via share repurchases in Q3

Outlook

* Textron ( TXT ) reiterates full-year 2025 GAAP EPS from continuing operations guidance of $5.19 to $5.39

* Textron ( TXT ) maintains full-year adjusted EPS from continuing operations forecast at $6.00 to $6.20

Result Drivers

* AVIATION GROWTH - Higher aircraft deliveries and aftermarket services boosted Textron Aviation revenues

* BELL MILITARY REVENUES - Increased military revenues from the MV-75 program drove Bell's revenue growth

* SYSTEMS CONTRACT GAIN - Textron Systems profit rose due to a gain from early termination of a vendor contract

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $3.60 $3.70

Revenue bln bln (12

Analysts

)

Q3 ADJ $1.55

EPS FROM

CONT OPS

Q3 EPS $1.31

FROM

CONT OPS

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 9 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the aerospace & defense peer group is "buy"

* Wall Street's median 12-month price target for Textron Inc ( TXT ) is $92.00, about 9.8% above its October 21 closing price of $83.02

* The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)